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Playfair Mining ( (TSE:PLY) ) has shared an announcement.
Playfair Mining has successfully closed an oversubscribed non-brokered private placement, raising $275,000 through the issuance of 11,000,000 common shares. The funds will be used to fulfill the initial payment under the Golden Circle option agreement and for general working capital. Additionally, Playfair has returned the Grey River Tungsten Property to the province of Newfoundland and Labrador, which has designated it as ‘Exempt Mineral Land,’ removing it from staking opportunities.
More about Playfair Mining
Playfair Mining operates in the mining industry, focusing on exploration and development of mineral properties. The company is engaged in identifying and developing high-quality drill targets, with a particular focus on the Golden Circle option agreement with ExplORE Resources Limited.
Average Trading Volume: 150,086
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.61M
Learn more about PLY stock on TipRanks’ Stock Analysis page.